Industrial prices in Germany stopped their rise in November for the second consecutive month

MADRID, 20 Dic.

Industrial prices in Germany stopped their rise in November for the second consecutive month

MADRID, 20 Dic. (EUROPA PRESS) -

The German industrial production price index registered an annual rise of 28.2% in November, which represents the second consecutive slowdown in the rate of increase after the increase of 34.5% in October and 45.8% in September, according to data published by Destatis, the country's federal statistical office.

Likewise, in comparison with the month of October, the prices of industrial production registered a fall of 3.9%, the second consecutive one after becoming cheaper by 4.2% in October.

"The main cause of the increase in producer prices compared to November 2021 continued to be the increase in the price of energy," explained the German statistical office, adding that the prices of non-durable consumer goods, intermediate goods, consumer durables and capital goods also increased significantly.

In this way, the general index without taking into account the impact of energy increased by 12.7% in November compared to the same month last year, while it fell two tenths compared to October.

In November, energy prices increased 65.8% compared to the same month in 2021, but fell 9.6% compared to the previous month.

Specifically, the prices of natural gas (distribution) increased by 92.6% in November 2021 and the price of electricity increased by 74.9%. On its side, the prices of petroleum products have risen 21.8% since November 2021 and have fallen 7.9% since October 2022.

In turn, the prices of non-durable consumer goods increased by 18.5% year-on-year and became slightly more expensive by 0.2% compared to October, including a 24.2% rise in food prices.

Likewise, intermediate goods became more expensive by 13.8% compared to November 2021, although compared to the month of October they fell by 0.7%.

In the case of the prices of durable consumer goods, these increased by 11.1% annually, while capital goods rose by 7.8%.

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